50,000 Shares in Nomad Foods Limited $NOMD Acquired by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp purchased a new stake in Nomad Foods Limited (NYSE:NOMD) in the third quarter, according to its most recent filing with the SEC. The fund purchased 50,000 shares of the company’s stock, valued at approximately $516,000.

A number of other institutional investors have also made changes to their positions in NOMD. EverSource Wealth Advisors LLC boosted its holdings in Nomad Foods by 219.6% in the first quarter. EverSource Wealth Advisors LLC now owns 7,773 shares of the company’s stock worth $75,000 after purchasing an additional 5,341 shares during the period. Cetera Investment Advisers bought a new position in shares of Nomad Foods in the 1st quarter worth about $97,000. Alpine Woods Capital Investors LLC bought a new position in shares of Nomad Foods in the 1st quarter worth about $150,000. R Squared Ltd boosted its holdings in shares of Nomad Foods by 7.4% in the 1st quarter. R Squared Ltd now owns 33,400 shares of the company’s stock valued at $321,000 after buying an additional 2,296 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Nomad Foods by 4.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 39,318 shares of the company’s stock valued at $406,000 after buying an additional 1,649 shares during the period. 75.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Nomad Foods news, CEO Dominic Brisby bought 50,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average price of $12.38 per share, with a total value of $619,000.00. Following the completion of the purchase, the chief executive officer directly owned 726,794 shares in the company, valued at $8,997,709.72. The trade was a 7.39% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Ruben Baldew acquired 28,290 shares of the stock in a transaction dated Wednesday, August 19th. The stock was bought at an average price of $11.85 per share, for a total transaction of $335,236.50. Following the completion of the purchase, the chief financial officer owned 367,172 shares in the company, valued at approximately $4,350,988.20. This trade represents a 8.35% increase in their position. The disclosure for this purchase is available in the SEC filing. 17.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NOMD has been the subject of a number of recent research reports. BTIG Research reaffirmed a “buy” rating and set a $15.00 price objective on shares of Nomad Foods in a research report on Thursday, October 8th. Barclays raised their target price on shares of Nomad Foods from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Zacks Research downgraded Nomad Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $12.00 target price on shares of Nomad Foods in a report on Wednesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nomad Foods in a report on Tuesday, September 29th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Nomad Foods presently has an average rating of “Hold” and a consensus price target of $13.50.

Nomad Foods Trading Down 1.2%

Nomad Foods stock opened at $11.86 on Tuesday. The company’s fifty day simple moving average is $11.30 and its 200-day simple moving average is $11.01. The company has a quick ratio of 0.66, a current ratio of 1.10 and a debt-to-equity ratio of 0.90. Nomad Foods Limited has a 12 month low of $8.99 and a 12 month high of $13.08. The stock has a market cap of $1.66 billion, a P/E ratio of 11.62 and a beta of 0.75.

Nomad Foods (NYSE:NOMD) last posted its earnings results on Thursday, August 13th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.37 by $0.08. Nomad Foods had a net margin of 4.20% and a return on equity of 8.88%. The company had revenue of $825.94 million during the quarter, compared to the consensus estimate of $825.02 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Nomad Foods has set its FY 2026 guidance at 1.604-1.779 EPS. As a group, sell-side analysts forecast that Nomad Foods Limited will post 1.62 EPS for the current fiscal year.

Nomad Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Tuesday, August 11th. Nomad Foods’s dividend payout ratio (DPR) is presently 66.67%.

About Nomad Foods

Nomad Foods is a frozen-food company focused on the European market. The company sells branded frozen meals and ingredients, including frozen fish, vegetables, poultry, potato products, pizza and plant-based foods. Its products are distributed through grocery retailers and other food channels across multiple European countries.

Nomad Foods’ portfolio includes well-known brands such as Birds Eye, Findus, iglo, Goodfella’s, Aunt Bessie’s and Green Cuisine. The brands offer products ranging from fish fingers, frozen vegetables and ready meals to frozen pizza, potato specialties and meat-free alternatives.

The company was formed in 2014 following the acquisition of the Iglo Group and expanded through subsequent acquisitions, including Findus operations in several European markets, Goodfella’s in 2018 and Aunt Bessie’s in 2020.